Business Wire

OLX Autos Reaches US$1b in Second-hand Car Transactions


Today, OLX Group, a leading global network of trading platforms, reveals that OLX Autos, an innovation leader for second-hand car trade in 10 countries across Asia and the Americas, has surpassed US$1 billion in sales since its formation in January 2020.

This press release features multimedia. View the full release here:

To view this piece of content from, please give your consent at the top of this page.

OLX Autos Infographic: global footprint, with key figures about its users, inspection centres and car sales.

Every month, around half a million cars are listed for sale by consumers and dealers on OLX Autos classifieds platforms In India, Indonesia, and Latin America. OLX Autos attributes its rapid growth to offering customer solutions for car sellers, car buyers, and dealers, via its integrated online and offline capabilities:

  • Car sellers benefit from access to free valuation of their car, through either an in-person inspection at one of 450+ authorised OLX Autos inspection centres or a remote inspection from the comfort of their driveway. A realtime online dealer auction reaching a network of over 13K car dealers means that sellers are offered a fair market price in under an hour, offering a trusted car selling service with immediate and guaranteed payment.
  • For buyers, OLX Autos offers the reassurance of a wide range of inspected and verified cars, and an option to buy "OLX Autos Certified" cars directly from OLX’s online classifieds platforms. Buyers can also opt for convenient services such as financing, insurance, and assistance with registration, which are being rolled out country by country.
  • Finally, OLX Autos provides car dealers a reliable and fairly-priced source of autos inventory.

By bringing offline and online services together into a unified customer experience, OLX Autos offers a simplified car transaction process that aims to bring trustworthiness and peace of mind to one of life’s most high-stakes transactions.

OLX Autos has further accelerated its product development and customer experience in response to the Covid-19 pandemic, developing proprietary technology to pioneer home and self-inspection services. In this way, car sellers can use their mobile phone to capture their car data, take photos, upload videos, record audio of the engine, and get the convenience of a fair valuation from the comfort of their own home.

Gautam Thakar, CEO of OLX Autos said: “At the heart of what we do is innovate to solve customer pain points, and we keep finding more ways to make the car transaction process as pain-free and satisfying as it can possibly be. Introducing home and self car inspections during Covid-19 has helped our customers cope with the lockdown period that hit many of our markets, when car inspection centres had to close their doors for a time.”

“We use data, technology, and artificial intelligence to provide to a seller the car’s fair price, while offering buyers insurance and guarantees to provide peace of mind during what otherwise can be one of life's most stressful transactions,” Thakar concluded.

OLX Autos History

OLX Autos’ journey started in 2018 with a minority investment by OLX Group in Frontier Car Group (FCG). A further $500m investment into FCG in 2019 made OLX Group a majority shareholder. Starting in January 2020, OLX and FCG blended operations in selected markets, rebranding from local brands to “OLX Autos” in most countries. For the first time in these countries, FCG’s ‘real world’ inspection centres were paired with OLX’s online car trading platforms, addressing the customers’ need of helping overcome barriers of buying or selling a car online from a stranger.

OLX Autos at a glance

  • Operations (online platforms, inspection centers) in 10 countries (alphabetical): Argentina, Chile, Colombia, Ecuador, India, Indonesia, Mexico, Pakistan, Peru, and the United States.
  • Every month, ~500K cars are listed on OLX Autos classifieds platforms by consumers and dealers
  • 450+ inspection centres offer free car inspection with a convenient and trusted car selling service and immediate payment in 1 hour for car sellers
  • Monthly inspections of ~50,000 cars
  • Network of 13K+ dealers
  • To date, OLX Autos has bought, sold, and inspected 400K+ cars. In FY21 ~100K cars were sold
  • 4.6K+ employees assisting customers transact their cars, in 3 continents and 10 markets
  • “Self-inspection” mobile app allows car sellers to inspect their own cars, and submit the data remotely - replicating the inspection center experience from the comfort of their own homes
  • After a first year accelerated with growth and innovation milestones, in March 2021, consumer internet and marketplace veteran Gautam Thakar (eBay,, Living Social) joined as OLX Autos global CEO, based in India - the largest of OLX Autos’ markets.


About OLX Autos

OLX Autos builds advanced trading platforms for buying and selling second-hand cars. It combines online and offline services in a simple one-stop solution - bringing convenience, safety, and peace of mind to car buyers and sellers alike, and across 10 countries and three continents.

OLX Autos operates more than 450 inspection centres across Asia and the Americas, and online trading platforms for people to buy and sell cars. To date, OLX Autos has bought, sold, and inspected more than 400,000 cars.

OLX Autos is currently active in Argentina, Chile, Colombia, Ecuador, India, Indonesia, Mexico and Peru. It operates under the well-known brand in the US, and CarFirst in Pakistan.

OLX Autos is part of OLX Group, which operates one of the fastest-growing networks of trading platforms globally. It serves 322 million people every month in 30+ countries around the world, helping them buy and sell cars, find housing, get jobs, buy and sell household goods, and much more. For more information, visit

About OLX Group

OLX Group operates one of the fastest-growing networks of trading platforms globally. Serving 322 million people every month in 30+ countries around the world, OLX Group helps them buy and sell cars, find housing, get jobs, buy and sell household goods, and much more. With more than 20 well-loved local brands including Avito, OLX, OLX Autos, Otomoto, and Property24, its solutions are built to be safe, smart, and convenient for its customers.

OLX Group is powered by a team of 11,000+ people around the world, who are unified in their ambition to shape the future of trade to unlock the hidden value in everything. For more information, visit

OLX Group is a division of Prosus, a global consumer internet group and one of the largest technology investors in the world. Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the JSE Limited (XJSE:PRX), and is majority-owned by Naspers. For more information on Prosus and its companies and investments, please visit

To view this piece of content from, please give your consent at the top of this page.

Contact information

Abdallah Touqan

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Spirit of Wipro Run Brings Together Participants From Over 35 Countries26.9.2021 15:57:00 EEST | Press release

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today organized the 16th annual ‘Spirit of Wipro’ (SOW) Run, drawing thousands of participants from over 35 countries to run together in spirit. For the past sixteen years, Wiproites around the world have come together to celebrate Wipro’s core values. The annual SOW run aims to inspire employees to be responsible citizens of the world. This year’s theme was “Together. To greatness,” inspired by the resilience demonstrated by Wiproites in a year of unprecedented disruption. Along with outperforming across all business parameters, Wipro teams have remained committed to supporting their colleagues and creating a lasting social impact across communities. Like last year, this year’s race was also virtual, and runners strictly adhered to the local COVID-19 guidelines and safety protocols while participating in the event. Even under these conditions,

Pencil Lab Inks Debut in ADIHEX 202125.9.2021 13:04:00 EEST | Press release

The 18th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) on September 27 - October 3 marks an opportune platform for Pencil Lab Design Studio’s first major participation in the massive event, the largest of its kind in the Middle East and Africa. This press release features multimedia. View the full release here: Pencil Lab Inks Debut in ADIHEX 2021 (Photo: AETOSWire) Featuring more than 800 brands and companies, the event is held under the theme of ‘Sustainability and Heritage… A Reborn Aspiration’, highlighting heritage, culture and authentic sports and their strong relation with Arab history. As part of its inaugural participation in a major exhibition as a company, Pencil Lab, a UAE initiative, will showcase their artworks with three large oil paintings by Pencil Lab’s citizen artist, to highlight the strong connection of arts, like painting and photography, to Arab history and civilization.

DXC Technology Completes Refinancing Actions24.9.2021 23:30:00 EEST | Press release

DXC Technology Company (NYSE: DXC) (“DXC”) today announced the completion of its refinancing. DXC previously completed the offering of €1.35 billion Senior Notes priced on September 2, 2021 and $1.35 billion Senior Notes priced on September 7, 2021. DXC completed redemption of $2.5 billion principal of (i) EUR term loan in the amount of €400 million due FY23 and FY24, (ii) $500 million 4.25% Senior notes due FY25, (iii) £250 million 2.75% Senior notes due FY25, (iv) $467 million 4.125% Senior notes due FY26, (v) $500 million 4.75% Senior notes due FY28, and (vi) $234 million Senior notes due FY30. The applicable make whole premium for these redemptions was $300 million and accrued and unpaid interest was $40 million. Ken Sharp, Chief Financial Officer, DXC commented: “Our opportunistic debt refinancing of $2.5 billion of our high coupon debt further solidifies our financial foundation by extending our debt maturities, lowering our maturity towers and reducing our ongoing interest expen

Schlumberger Announces Third-Quarter 2021 Results Conference Call24.9.2021 17:00:00 EEST | Press release

Schlumberger Limited (NYSE:SLB) will hold a conference call on October 22, 2021 to discuss the results for the third quarter ending September 30, 2021. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313. A webcast of the conference call will be broadcast simultaneously at on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at until November 22, 2021, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402

Tradeweb Successfully Completes its First Southbound Bond Connect Transactions24.9.2021 15:07:00 EEST | Press release

Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has completed its first Southbound Bond Connect transactions via the trading link between Tradeweb and China Foreign Exchange Trade System (CFETS). “Southbound Bond Connect is the latest evolutionary step for China’s financial market, providing domestic investors with more flexibility and choice when trading offshore bonds,” said Lee Olesky, CEO of Tradeweb Markets. “Together with CFETS, our goal is to better meet onshore investors’ demand for streamlined access to global investment. We will continue to focus on further enhancing the trading link by deploying new innovative trading functionality, just as we did with the Northbound leg of Bond Connect.” Southbound Bond Connect facilitates fixed income portfolio diversification for institutional investors in China. Tradeweb collaborates closely with CFETS to create a uniform trading ex

H.I.G. Capital Acquires Aspire Pharma24.9.2021 15:05:00 EEST | Press release

H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $45 billion of equity capital under management, is pleased to announce that one of its affiliates has acquired Aspire Pharma Limited (“Aspire” or the “Company”), a leading UK provider of niche generic and branded specialty pharmaceuticals, alongside its founder Graham Fraser-Pye. The financial terms of the transaction have not been disclosed. Aspire licenses and develops niche generic and specialty pharmaceutical products that offer innovative formulations, value for money for payors, and reliable supply arrangements in markets that are often underserved. The business holds leadership positions in urology, ophthalmology, CNS and dermatology, with a highly diversified portfolio of more than 250 products across multiple categories, including branded specialty products and unbranded niche generics. H.I.G., together with the management team, aims to continue Aspire’s strong track record of organic growth and

Swappable Announces Partnership with Esports T1's Dota 2 Team24.9.2021 14:34:00 EEST | Press release

Swappable, an NFT (Non-Fungible Token) interface for high-profile and exclusive digital collectibles, has announced its partnership with T1's Dota 2 team, the popular esports team for the upcoming International 10 - Dota 2 World Championship in Bucharest, Romania. T1 is not just an esports team but a pop culture phenomenon with millions of fans worldwide. The team embodies a blend of lifestyle, creativity and attitude, fresh from the source of Seoul & LA. As part of the collaboration, T1 will auction their first-ever NFTs (digital collectibles) on Swappable for T1’s Genesis Collection. With the first auction starting Friday September 24th, T1 will release a series of NFTs each possessing utility features such as special access to T1's Dota 2 team players and more. Visit Swappable for more information. “We are excited to partner with a leading organization in the esports industry. It is also a chance for T1 fans to pick the very first digital collectibles ever created by this legendary

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom